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The Great Depression began with the Wall Street Crash of 1929. This caused widespread economic hardship in the United States. Some key consequences of the crash included: widespread bank failures as people withdrew their savings; mass unemployment rising to 14 million as businesses struggled without access to credit; and a collapse in GDP by around 50% as economic activity declined sharply. The crash marked the start of the Great Depression, a decade-long period of high unemployment, poverty, and low busine

Author

Juan Cabanillas

Language

EN